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CPCA: CN NEV Wholesale Vol. of Multiple Major Carmakers Hit Record Highs for May
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Thanks to iterative upgrades in electrification technology by leading carmakers and the concentrated launch of several blockbuster new models, NEV wholesale volumes of multiple major carmakers in Mainland China hit record highs for the same period in May, highlighting the tangible results of domestic automakers' electrification transformation, the China Passenger Car Association (CPCA) said. Carmakers including BYD COMPANY (01211.HK), CHERY AUTO (09973.HK), Tesla China, LEAPMOTOR (09863.HK), SAIC-GM-Wuling, NIO-SW (09866.HK), Arcfox, SAIC-GM, Dongfeng Nissan, GAC Toyota, and GAC Trumpchi, all recorded their best-ever NEV wholesale results for the month of May. Among the top 10 passenger vehicle manufacturers in terms of NEV wholesale volume in mainland China in May, eight were listed carmakers. BYD COMPANY, GEELY AUTO (00175.HK), CHERY AUTO, Tesla and LEAPMOTOR ranked in the top five, with BYD COMPANY leading by a wide margin at 376,990 units, data showed. Cui Dongshu, Secretary General of the CPCA, estimated that national passenger vehicle manufacturers NEV wholesale volume reached 1.36 million units in May, up 12% YoY and 11% MoM. AASTOCKS Financial News |
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